The objective of the Fund is to track the performance of the fixed-rate, investment-grade Euro-denominated bond market. The investment policy of the Fund is to track the performance of the Index as closely as possible, while seeking to minimise as far as possible the tracking difference between the Fund’s performance and that of the Index. The Index measures the performance of the overall Euro-denominated bond market. Securities must be fixed rate, Euro-denominated, taxable and rated investment grade as defined by the Index methodology. The benchmark includes government, government-related and corporate bonds, as well as asset-backed, mortgage-backed and commercial mortgage-backed securities.